Author: FX
Gold, Silver Analysis Recommended by Richard Snow Get Your Free Gold Forecast Gold Settles into Narrowing Pattern as Yields, USD Edge HigherGold entered into a narrowing pattern at the end of last year (with hindsight), seeing gold price rallies and selloffs relatively more contained. Prices rose at the end of 2023 but since then, have entered into more of a consolidatory phase, with prices broadly being contained between $2050 and $2010.Intra-day price ranges reveal the market is active but closing prices over the last two sessions, and potentially today, witness flat closing prices. Yesterday’s test and rejection of trendline support…
© Reuters. FILE PHOTO: A person puts gas in a vehicle at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly/File Photo By Ahmad Ghaddar LONDON (Reuters) -Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. futures slipped 6 cents, or 0.1%, to $81.69 a barrel by 0851 GMT, while U.S. West Texas Intermediate crude futures rose 21 cents, or 0.3%, to $76.43 a barrel. Prices rose about 3% in the previous session as Israeli forces…
USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base case. The latest US GDP beat expectations by a big margin.The US PCE came mostly in line with expectations with the Core 3-month and 6-month annualised rates falling below the Fed’s 2% target. The US NFP report beat expectations across the board by a big margin.The ISM…
Will USD/CHF bust through a long-term resistance area? Or will it extend its downtrend? We’re taking a closer look at the daily chart! Source link
5/5 © Reuters. Displaced Palestinians react near their tents following an Israeli strike on a car, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Rafah, in the southern Gaza Strip, February 7, 2024. REUTERS/Mohammed Salem 2/5 By Nidal al-Mughrabi and Humeyra Pamuk DOHA/TEL AVIV (Reuters) -Israeli forces bombed areas in the southern border city of Rafah on Thursday where more than half of Gaza’s population is sheltering, as diplomats sought to salvage ceasefire talks after Prime Minister Benjamin Netanyahu rejected a Hamas proposal. In a sign the diplomacy was not over, a Hamas delegation led…
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Share: Gold price sticks to the range-bound trade near $2035, adding 0.05% on the day. US weekly Jobless Claims fell more than expected last week. Fed’s Barkin said the central bank should be patient with rate cuts despite remarkable data showing that inflation is dropping. Dallas Fed L. Logan is set to speak later on Friday. Gold price (XAU/USD) consolidates in a narrow trading band around $2035 region per troy ounce during the early Asian trading hours on Friday. Meanwhile, the US Dollar Index (DXY), an index of the value of the USD measured against a basket of six world…
Bet_Noire Cantor Fitzgerald has initiated coverage of Organogenesis (NASDAQ:ORGO) with an overweight rating, citing attractive valuation and the company’s highly differentiated technology portfolio. Cantor said it holds a favorable view of the estimated $24B advanced wound care and surgical/sports medicine markets. It sees Organogenesis’s offerings as “differentiated and protected given their strong clinical data,” adding that it was the only company to have an FDA PMA for both venous leg ulcers and diabetic foot ulcers. “We estimate a return to growth in 2024 as the company works to regain customers that were ‘lost’ during the period of reimbursement confusion,” Cantor…
AptarGroup GAAP EPS of $0.93 misses by $0.17, revenue of $838.48M misses by $4.03M Source link
3/3 © Reuters. FILE PHOTO: A view shows the Transfiguration Cathedral damaged by Russian missile strike, Odesa, Ukraine July 23, 2023. REUTERS/Yan Dobronosov 2/3 By Jonathan Landay WASHINGTON (Reuters) – Senior Nordic and Baltic lawmakers visiting Washington on Thursday expressed alarm at what they called a lack of urgency and a clear strategy by the United States to help Ukraine defeat Moscow’s invasion. Russian President Vladimir Putin will move to take more European territory if he wins in Ukraine, raising the danger of a conflict with the U.S.-led NATO alliance that would carry immense human and economic costs, the lawmakers…